GEF vs MXC: Correlation
Greif Inc. (GEF) and Mexco Energy Corporation (MXC) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEF and MXC?
Across a 3-year window, the weekly returns of GEF and MXC correlate at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. Stretching to 5 years gives -0.01, with an annualized covariance of -337.8 %².
Among the 16 assets we track against GEF, MXC sits near the bottom by co-movement, at rank #14. On 12-month performance GEF holds a 11.3-point edge, +32.9% against +21.6%. Risk is not evenly split, since MXC carries 2.2 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
GEF vs MXC: side by side
| GEF (Greif Inc.) | MXC (Mexco Energy Corporation) | |
|---|---|---|
| 1-year return | +32.9% | +21.6% |
| 5-year return | +58.9% | +7.2% |
| Volatility (ann.) | 27.9% | 62.1% |
| Beta vs S&P 500 | 0.71 | -0.31 |
| Max drawdown (3Y) | -30.8% | -60.6% |
| Market cap | $4.8B | – |
| P/E (trailing) | 34.9 | 13.0 |
| Dividend yield | 4.84% | 1.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GEF | MXC |
|---|---|---|
| 2022 | +14.5% | +33.0% |
| 2023 | +0.9% | -26.2% |
| 2024 | -3.6% | +24.6% |
| 2025 | +14.8% | -10.8% |
| 2026 | +27.0% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEF and MXC good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between GEF and MXC?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.22 over the last year and -0.01 over 5 years.
Is MXC a good diversifier for GEF?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gef-vs-mxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gef-vs-mxc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GEF correlations · MXC correlations
